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Ripple powered Japanese app that links 60+ banks launches its website

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MoneyTap is one of the main platforms in Japan that help in money transfer. The platform connects 60 banks in the country using Ripple’s technology. As one can expect, the transaction settler aims to connect more banks around the world, and by doing this, it has decided to launch its official website moneytap.jp.

Although there hasn’t been lots of information on this, the point is that this development is good news for Ripple and its community – a giant step forward.

As stated earlier, MoneyTap comprises 60 banks in Japan, consisting of 80% of banks in Japan. The platform has indicated that it will feature its application on iOS and Android devices too, before the end of this year.

MoneyTap has solely been using Ripple solution for quite some time now, and this is due to the fact that Ripple offers a faster and cheaper means to transfer payments in the world. Today, Ripple is seen as a big competitor to SWIFT. Founded back in 1973, SWIFT is the old player and has more than 200+ countries registered on its network, but Ripple on its part offers a better solution.

Now with the help of Ripple solutions, Money Tap is devoted to change the way remittance payments get done in Japan having succeeded in getting more than sixty banks on board to join its payment platform, which would be mentioned by Ripple’s Director of Joint Venture Partnerships, Emi Yoshikawa.

It is worth recalling that the SBI CEO stated earlier at the time when MoneyTap was to be announced that:

We are also considering using XRP for bridge currency in Money Tap.”

Moreover, Ripple’s solutions have been adopted by different FinTech companies around the world today. In fact, the blockchain firm is leading when it comes to mass adoption.

But its community is worried of the aspect that XRP hasn’t actualized its utility throughout the world’s Financial Sector. Given this, MoneyTap will be the very first mobile application of such genre to be utilized by different Financial Institution in the world.

It’s seen that despite SBI having launched its own crypto exchange, called VCTRADE and exploring other digital assets in the market today, it still supports Ripple and its products.

Meanwhile, Ripple has also commented on the issues that Japan’s Financial Sector faces. The company believes,

Flexibility with domestic payments is limited in Japan: transactions must occur on weekdays and between 8:30 am and 3:30 pm or risk delays. While there are discussions to change the window on the current banking rail system to make it accessible 24 hours a day and seven days a week, the cost of implementing it would be high. Blockchain powered domestic payments will speed transactions and lower costs.”

Also, Yoshikawa (Joint Venture Partnerships Director of Ripple) has stated that,

“the release of the MoneyTap mobile app shows Ripple’s continued commitment to providing its partners across Asia and the world with blockchain-powered solutions that dramatically improve the customer payments journey.”

Ripple mass adoption has increased, and without a doubt, its recent feat with MoneyTap came at the right time when Ripple and R3 consortium settled the dispute between them.

As things stand, Ripple is committed to making global remittance payment very efficient, and soon it might become the primary technology for cross-border payments.

Check out the new Global Coin Report YouTube channel as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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